is too big to fail
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Two years since the last post; how's everyone doing?
Throughout his lustrous 27 years in the beverage trade, Pellegrino has held various roles including, Vice President of Sales and Distribution, (Vacation in a Bottle, Boo Koo energy, Shadow Beverages) Unit Sales Manager (Pepsi), Senior Distributor Manager (Snapple) and Sales Center Manager (Coca Cola) for some of the industry leaders.
lustrous? So his career has been really shiny?
Hey genius, the word you're looking for there is "illustrious"....
I think you probably lost them at "obfuscate". Next time use smaller words and misspell a few of them, that might help.
So for those of you keeping track, he's nearly DOUBLED the O/S within a week of the split. That's just over 17 billion pre-split shares.
It's probably to pay all of those dividends though, so it's all good
You could put three more zeros at the end of that if you wanted to include the first 1000:1 split.
That would be 17,051,009,800,000 or a little over 17 trillion.
What is the correct term that follows a trillion? Is it a quadrillion?
It's most likely end of year tax loss selling. Unfortunately, until there's actually a bid there's not much to get excited about.
But we can hope....
Wow, that's impressive.
Here's another, BBDA ......
A few interesting notes about this one, it already did a 1000/1 reverse split in 2010 when it was at about 12B, this reducing it to 12M. It has since gone all the way back up to almost 7.9B (effectively 7.9 trillion, factoring in the r/s)
Oh, and the CEO issued a PR when it was at about 2.5B shares with the subject "BBDA announces the end of marketplace capitalization"
Then about a month ago he issued a "shareholder update" video encouraging shareholders to "double down"....he's diluted another 600M since then, and the pps fell from .0004 to .0002
OS Tracker
10/24/2014 7,869,819,046
10/09/2014 7,614,819,046
10/06/2014 7,339,819,046
09/29/2014 7,294,819,046
09/17/2014 6,969,819,046
08/21/2014 6,661,191,844
08/04/2014 6,506,191,844
07/08/2014 6,296,191,844
06/16/2014 6,081,942,172
06/10/2014 6,270,485,472
05/22/2014 6,027,485,472
05/09/2014 5,809,985,472
04/09/2014 5,385,698,072
04/02/2014 5,263,924,072
03/26/2014 4,872,424,072
02/27/2014 4,519,476,772
02/04/2014 4,097,476,772
01/13/2014 3,861,762,486
01/08/2014 3,711,762,486
12/23/2013 3,342,784,000
12/20/2013 3,195,000,000
08/30/2013 3,000,000,000
lol....Shark & Hogs live!
I still have my sell order in for .01, c'mon, slap that ask!
Somebody wake up Alcab.....
Split adjusted, the company has diluted somewhere just north of 7 trillion (yup, with a "t") shares since April 2009.
That's 7,000,000,000,000
Almost looks like a typo, doesn't it? It's not.
Roughly 5B to 12B, then 1000/1 R/S, then 12MM to just over 7B.
You forgot:
d)inevitable upcoming reverse split
He actually said he was done diluting at about 2.5B shares; that was the big "End of Market Capitalization" PR.
That didn't really happen though, now did it?
25K cans, huh? That's about 10 - 12 pallets. Where exactly do you think they put 10 pallets of cans on a tour bus?
Perhaps a bit of an overstatement on the giveaway.
Let's put it this way; if the same person who prepares their "financials" also prepares their corporate tax forms at some point someone's going to have to answer some questions.
That's assuming they actually file tax forms, those sort of details seem to fall through the cracks sometimes.
lol...that's awesome.
If you want another good laugh, click on the "inactive" tab to see the 6 (!) pages of documents they've uploaded incorrectly over the years.
Classic.
How about total shares outstanding, page 1, 2,8631,000,000
which of course, even without the extra digit, doesn't match the 3,342,784,000 reported on page 4.
Or let's not forget the $261,000,000 reported intake from capitalization in Q2 (what's three extra zeros amongst friends)
Just business as usual in Mooresville...
Have you never looked at one of his "financial reports" before? This is absolutely par for the course.
It's on the Wyoming SOS site, an amendment was filed today reducing the A/S to 6.8B + .2B preferred.
imo this is just a response to the dwindling volume and the inability of any type of PR to provide even the most minimal bump in price.
There will be some sort of PR or shareholder update trumpeting this decrease in shares (while conveniently leaving out the fact that the share structure has more than doubled since the CEO announced an end to "market capitalization"). Of course it's meaningless since the number can be raised with another simple filing.
This is one last attempt to pump this pig before the inevitable r/s. The endgame is near.....
You do realize that it's a "relaxation" beverage, not an energy drink, right?
There's always a group involved. They'll sit on the bid and accumulate for sometimes weeks, then when they have enough they'll spend a few thousand smacking the ask until the sheeple jump in, then they dump everything into the run for a quick 50% or so at these levels.
Then lather, rinse, repeat.
Check out who's been pumping around iHub and you may get a hint.
It's going down?
No wait, can I have another guess......
There were 2 or 3 D-list IRPs pumping the stock on some of the tout boards last week. None of them disclosed any compensation, but if you look at their disclosure statements they all "work" for the same parent company. There are no coincidences in pinky land....
It's fairly obvious that the "run" to .0016 was a typical group-ochestrated p & d.
I wonder how many new bagholders were created in that one day at .0010 and up?
If someone bought 7's or 8's looking for a quick flip, congrats, you made your 50%.
If someone bought 7's or 8's looking to make back all they lost by buying 004's, 003's and 002's, well, they're likely to be disappointed.
imo, of course
It's good to see someone understands exactly what's going on here.
O/S reported by #1 Red Sox Fan as 3,342,784,000 on 1/2
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95484954
so yes, about a 370 million increase (over 10%)
im going to take a chance here how many shares can i buy for a plug nicole
And I always thought Nicole was such a nice girl....
And I would expect that the CFA Institute would be more than a little perturbed to find Mr. Ghani using their name and his supposed credentials to pump POS pink sheet stocks.....
Lol ok , you make no since at all.
touché...
Do what, reverse split? They've already done it once....
3 billion shares that he thinks should be trading at a penny?
Yup, you pretty much nailed it, except for the fact there's no evidence that the "company" has any interest in propping up the share price.
When you have unlimited shares at your disposal (yes, I know the a/s is "capped" at 3B; it costs $50 to up it again) it really doesn't matter what the pps is, they can always print more.
Until it hits .0001 again, then lather, rinse, repeat.
OK, now I have to go Google "Schrodinger's cat"
Nope, you pretty much have it right, except he actually claimed he was going straight to the NYSE.
Which of course, for the reasons you pointed out (and more...), is completely ridiculous.
So who knows how long BBDA in its current state will hang around? What is definitely still happening is dilution and a falling stock price, so you're free to draw your own conclusions.
My point was, those that are still holding long have been through multiple a/s raises and for some reason still continue to hold. Why would raising it again be any different?
And if he did happen to lose some shareholders and the price dropped, he'd just raise it again and sell "cheapies" to a new mass of unsuspecting buyers.
The share structure has been, and continues to be, a bottomless pit of dilution.
Well, the fact is that he's raised the a/s at least twice (it might be three times, I forget) since he announced last year "an end to marketplace capitalization".
But everytime he does it the longs just keep on holding and buying more.....so why would raising it again this time be any different?
It only costs him $50 to file an amendment to raise the a/s; he's done it numerous times already.
The "cap" is completely meaningless.
Given the state of the "financials", that's even more embarassing if an accountant actually prepared them.
You do know that the company has issued (sold) 200 million shares in the past month, right?
They're not buying.